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Starting a Railroad, Phase 1
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[quote]QUOTE: <i>Originally posted by Junctionfan</i> <br /><br />I have to ask, what kind of contract will our employees (I we are pretending the forum is members of the board and you (L.C) are the chairman) <br /> <br />What kind of benefits packages and health coverage are we going to give? What is our utility bills and our tax bills going to be like? <br /> <br />Do we have enough customers to make a profit and be able to offer our employees the basic wages to maintain an exceptable living? <br />[/quote] <br /> <br />1. No contract. Employees will be non-union and will be paid a fair annual salary. <br /> <br />2. Benefits. We expect to pay employee medical complete coverage. 0% employee contribution. We will also pay employer share of Railroad Retirement Benefits. <br /> <br />3. Utility and tax bills should be fairly small. I would expect utility bills would be limited to office electric, gas and water and grade crossing equipment. Tax bills in Mississippi are quite inexpensive. I would anticipate less than $75,000 annually in property tax (Ad Valorem) for the entire RR. <br /> <br />4. Yes, there should be adequate traffic to support a lean short line. <br /> <br />LC
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